RIL shares in focus for these 2 reasons. Check details

The shares of Mukesh Ambani-owned Reliance Industries Ltd (RIL) are expected to be in focus on Thursday, April 3, after the company made two announcements via filings to the stock exchanges.The first announcement states that Reliance has begun construction of its first Compressed Biogas (CBG) plant in Andhra Pradesh, which is part of a larger plan to establish 500 such CBG plants in the region.Meanwhile, the second announcement states that RISE Worldwide Limited, a subsidiary of Reliance, is entering into a partnership with BLAST, a known global esports company.

The partnership is aimed at developing or expanding the esports business in India.Here are the details of the updates:Construction of CBG plantReliance has initiated the construction of its first Compressed Biogas (CBG) plant in Andhra Pradesh, marking the beginning of a larger plan to set up 500 such plants across the region. With a total planned investment of Rs 65,000 crores, these facilities are envisioned to function as integrated hubs for the production and distribution of CBG.



“Reliance breaks ground on first of 500 CBG plants in Andhra Pradesh, plans to invest Rs. 65,000 crores in developing integrated CBG hubs in AP,” the company said in an exchange filing.The project, which involves a capital investment of Rs.

139 crores, is the first in a series of 500 projects for AP involving a total capital outlay of Rs. 65,000 crores. The plant will use innovative technology and Napier grass, which would be grown on barren and wastelands, to produce biogas.

Reliance has launched an ambitious initiative to develop integrated Compressed Biogas (CBG) hubs throughout Andhra Pradesh. The company said it will utilize approximately 500,000 acres of barren and unused land in Prakasam, Anantapur, Chittoor, and Kadapa districts for this project.Once fully operational, the plants are projected to generate 4 million tonnes of clean, green CBG and 1.

1 million metric tonnes of organic fertilizer annually. The initiative is also expected to create employment opportunities for around 250,000 rural youth.Also read: Asian stocks drop, bonds jump as Trump tariffs sap riskPartnership with BLASTRISE Worldwide is forming a strategic partnership with BLAST, a prominent global esports organization.

This collaboration aims to develop and expand the esports ecosystem in India, tapping into the country’s rapidly growing digital gaming landscape.“Reliance and BLAST will partner to operate and create market-leading IPs in India and bring leading global IPs of BLAST to India for fans, players, and brands, the company said.This strategic partnership aims to accelerate growth by introducing BLAST’s globally acclaimed esports properties and advanced production techniques to India, while also co-developing new tournament IPs specifically designed for the country’s rapidly expanding gaming market.

BLAST currently partners with top game publishers like Epic Games, Valve, Riot Games, KRAFTON, and Ubisoft to produce, market, and deliver esports experiences for globally popular titles such as Rocket League, Fortnite, Rainbow Six, PUBG, Dota 2, and Counter-Strike 2—collectively boasting an active monthly player base of over 350 million. Renowned for its exceptional production quality and immersive, fan-first experiences, BLAST brings together the world’s best teams and top gaming superstars to compete for glory and multi-million-dollar prize pools.BLAST is a European-based esports entertainment company and one of the biggest tournament organisers in the world.

BLAST works with the world’s best game publishers and brands to elevate their properties into world-class esports experiences.RIL shares closed flat at Rs 1,251.10 on the BSE on Wednesday.

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